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EFTA01367008

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Amendment #4 Page 579 of 868 lithe (Within, Tre Combined Entity marJy reties on the cash provided try operatng actrotes bank loans and adkarces horn related parties toIname its nvesting activities and working capital reqsrernents in pa:Soutar. he anode due to related parties in the arrost of US5180,765 as of December 31, 2014 is due on demand and USS41,514 of bank loan will mature in July 2015 Horton Energy Caymans Linseed CHECI:). IM shareholder or the Conlaned Ertly, has provided a leiter of financial support to the Combned Ent ty including the converse() of the USS180,165 due to HECL as of December 31. 2014 into to snare capital of Hendon Energy (Xiling.de) Co Ltd and Honton Energy (Baotou) Co Ltd, as necessary On May 5. 2015. HECL entered nto a share purchase agreement to see all of its equity 'leftists in Honiton %IL and Hendon BAV to a subsidiary of TerraForrn Global, Inc ('Acgaren) In connection with tne proposed acquiseon of the Comtmed Entity, the Acquirer has provided a letter to HECL stating that lie Acqmer will take necessary actions to cause the Combined Entry to make payment when the bark ban matures Taking rib consideration the commitments of HECL and the Acquirer to provide the Combined Entity the necessary financial support management believes the Combined Endy will be able to meet its commtments and liabilities when they fat die la a penod extending M least one year beyond the date of the franca I statements b Breda of consolidation The accompanying combined Ina mat statements reticle the Ina mat statements of hlontton XIL and its whoa/ awned subsidiary Hannon /GI irguale and Honiton BAV and its whotty twined sdasidiary Hendon Baotou All sidle! dant intercompany balances and transactions have been eltmnated in preparing the combined financial statements e se of esdsnafes The preparation of the combined financial statements n accordance with US GAAP requires management to make estimates and assumptions trot affect the reported

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